Checklist for Blockchain Project Launch. By DEV
05 Aug 2022Blockchain technology is slowly but surely conquering cyberspace. The Web 3.0 Internet is unfolding in front of our eyes, and it will be very different from what we have been used to seeing for the past 20 years. One of the key features of Web 3.0 is the widespread use of blockchain technology.
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Define the project idea and demand
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Team gathering
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Writing a White Paper and Tokenomics
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MVP version description
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Business and financial plan
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Find and work with advisors
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MVP creation
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Legal issues
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Security
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Launch of a token on launchpool
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Exchange listing
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Expansion of product functionality
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Popularization of the project
The wider audience already recognizes that blockchain can be used to create cryptocurrencies, but as Ethereum gained in popularity, it became clear that blockchain is also about smart contracts, decentralized applications, and NFT. Before you start your blockchain project, you need to decide precisely what you want to create.
Blockchain Apps types
If you have decided to implement a blockchain-based application, the next step is to decide on the type of application. Here are some promising ideas:
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A centralized crypto exchange.
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Crypto-store.
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Browser extension.
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Decentralized social network.
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Decentralized streaming platform.
And much, much more. The options are many, but any of them will require an experienced development team.
Team of experts
To create a full-fledged blockchain project, you will need a variety of developers. Front-end developers, Back-end developers. For example, if you work with Ethereum blockchain, you will need specialists in Solidity, if you are going to write a blockchain from scratch specialists in C, C++, C#, Java, and Python will be useful. It is highly recommended that you hire an experienced blockchain development company to successfully turn your idea into a business.
Development process
Once you have decided on the team, it is equally important to decide on the internal architecture of the project. How and what it will work on and what it will be composed of.
blockchain infrastructure: choose wisely and for the long term
The main blockchain platforms are Ethereum, Binance Smart Chain, and Solana / Polygon. All have their pros and cons. There is an option to apply your own solution, such as Layer 2 on Ethereum. Some projects opt for two platforms at once: Clash of Coins uses a bundle of Ethereum and Binance Smart Chain.
wallet: prioritize the top choices
Tens of millions of users choose Metamask, Coinbase Wallet, and Trust Wallet with a user-friendly UX/UI. Another wallet worth considering is magic.link.
unified system of technical solutions
To establish strong links between wallet, blockchain, the core gameplay, and the server side, you need to choose a reliable platform for WEB3 development.
additional services integration
a service for exchanging fiat money into cryptocurrencies
Simplex, Moonpay, and Transak are popular fiat money exchange gateways that provide in-game cryptocurrency purchases for fiat currency.
Depending on the complexity of the chosen project idea, the development process can take a long time, from months to a year if it is a complex ecosystem on a native blockchain network. To assess the feasibility and functionality of a project, at least an MVP (Minimal Viable Product) should be developed.
Working with the MVP
Product: decide on uniqueness and promotion strategy
Networking: build loyal communities
Token launch: gather an audience of a few thousand active users
Security: Identify specialists to audit the security of the project and test the vulnerability
Marketing Production
Creating a project is not enough, you need to market it. The battle for customers is particularly fierce these days because the blockchain industry is growing rapidly in popularity, which means you'll have plenty of competition. You'll need constant social media, blogging, and search engine optimization to attract customers and investment - without all of that, you can't become recognized in the marketplace. Efficient Blockchain Marketing.
Designer and Brand identity
Creating websites, logos, illustrations, graphical interfaces, and presentation documents will all require people who are capable of working with graphics. You can also hire a blockchain development company with experience in such matters.
Management and Project direction
Finally, you will need someone who can coordinate all parts amongst themselves. Being an executive for a blockchain project is not easy, because it requires competence in development, design, marketing, and other related areas, so such specialists are precious and rare.
The development of a blockchain application requires preparatory work with tools and a clear policy on the positioning of the product. Consistent steps and the right decisions in strategic planning will make a blockchain project a success. You can avoid the struggle of choosing an employee in each area and hire a blockchain development company that launches new and useful products to the market every week.
Rock’n’Block has been on the market since 2017 and has already implemented more than 350 unique blockchain solutions in custom projects.
Rock’n’Block’s team is not limited in development. We can help with:
⚡️NFT and NFT marketplaces development
⚡️White label launchpad development solutions
⚡️Deflationary token development
⚡️Any other custom request from a crypto wallet development to custom blockchain development.
If you’re interested in building your blockchain project, feel free to contact our team via the Telegram channel or book a call via Calendly.
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